Ormat Technologies, Inc. (ORA)

Over the past six months, Ormat Technologies, Inc. (ORA) stock has experienced notable events and price movements, with the share price increasing by 65.28% from April 7, 2025, to April 2, 2026, and a 52-week range between $67.24 and $132.58. Key events include strong Q3 2025 financial results with revenue up 17.9%, operating income up 13.3%, and net income up 9.3%. Q4 and full-year 2025 results showed a 19.6% year-over-year revenue increase, but a cautious market response due to a decline in GAAP net income and the 2026 outlook. Ormat closed an upsized $1 billion convertible senior notes offering and announced a 20-year Power Purchase Agreement with Switch to supply 13 MW of geothermal energy in Nevada, estimated to be worth over $200 million. Ormat plans to add 149 MW of new capacity by the end of 2027 and has committed $180 million to U.S. energy storage assets through 2028.

Demand for Ormat Technologies' core geothermal power products and services generally exhibits low seasonality, as geothermal systems generate energy 24/7, independent of sun or wind availability. While Ormat has expanded into solar PV and energy storage, which could introduce some seasonal variations for the solar component, the company's overall emphasis is on providing reliable, around-the-clock power solutions. The sustained demand for clean, reliable power, particularly driven by the needs of data centers and favorable regulatory developments, indicates a strong and consistent market for Ormat's offerings. The company's focus on energy storage also helps to mitigate potential intermittency issues associated with other renewable sources, further stabilizing demand for its integrated solutions.

Ormat Technologies, Inc. is an international company headquartered in Reno, Nevada, with its main production facilities in Yavne, Israel, operating in the Utilities sector, specifically in Alternative Energy, Renewable Energy, and Utilities - Renewable industries. Ormat is a leading vertically integrated company engaged in geothermal and recovered energy generation (REG), and has expanded into energy storage services and solar Photovoltaic (PV), including hybrid geothermal and solar PV solutions. The company's core technology is the Ormat Energy Converter, which converts low, medium, and high-temperature heat into electricity with low or zero CO2 emissions. Ormat designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation, and develops, builds, owns, and operates geothermal, solar PV, and recovered energy-based power plants, providing engineering, procurement, and construction services. As of December 31, 2023, Ormat had 1,576 employees.

Ormat Technologies has a significant global presence, owning and operating geothermal power plants in the U.S., Guatemala, Kenya, Honduras, Guadeloupe, and Indonesia. Its recovered energy technology has been deployed in projects in Germany, Canada, India, New Zealand, and Japan. Ormat designs, builds, and supplies power generating equipment for customers' geothermal and recovered energy power plants in over 30 countries across North America, South America, Europe, Australia, and Asia.

Ormat Technologies is recognized globally for developing state-of-the-art, environmentally sound power solutions and is considered a leader in the renewable energy sector. The company emphasizes its commitment to innovation and advancing technologies for efficient renewable energy development, reducing energy waste, and providing sustainable energy management solutions. Its vertically integrated structure and six decades of experience contribute to its strong reputation in the geothermal and recovered energy industries. Ormat's reputation has been positively reinforced by its strategic growth and expansion, including plans to add 149 MW of new capacity by the end of 2027, significant investments in energy storage, and securing major long-term power purchase agreements with companies like Switch and Google.

Ormat Technologies, Inc. has significant institutional ownership, with approximately 95.49% of the stock held by institutions and 0.56% by insiders. Overall, institutional ownership accounts for 73.97% of shares, with other public shareholders holding 15.99% and management holding 0.21%. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, and State Street Corp. Top insider shareholders as of March 23, 2026, include Doron Blachar (Chief Executive Officer), Isaac Angel (Director), and Shimon Hatzir (EVP, Electricity Segment).